Page 7 of income tax department News
With nearly 88% of individual taxpayers now opting for the new tax regime, the government is not considering a sunset…
The new Income-tax Act, 2025 will take effect from April 1, 2026, but income earned in FY 2025–26 will still…
Budget 2026 has changed how ITR deadlines work. Filing dates will now depend on the ITR form used. While salaried…
Income Tax Slabs Union Budget 2026, New Income Tax Slabs and Rates 2026-27: Finance Minister Nirmala Sitharaman presented her 9th…
Discover why Samir Arora says capital gains tax on equities is unique—learn what makes it different from interest income. Read…
The Economic Survey 2025-26 showed how India’s tax system is moving away from raids and penalties towards “nudging compliance”. Using…
Ahead of Budget 2026–27, the Institute of Chartered Accountants of India (ICAI) has flagged serious privacy concerns over Section 247…
Deductions under the old tax regime such as Section 80C, 80D and home loan interest benefits have remained unchanged for…
Ahead of Budget 2026, AMFI has proposed a series of tax and operational reforms to restore efficiency in mutual fund…
As Budget 2026-27 approaches, taxpayers are keenly watching whether the government will once again tweak income tax slabs under the…
Income Tax Budget 2026 Expectations Highlights: This blog tracks real-time updates on taxpayer expectations ahead of the Union Budget —…
Section 87A rebate has quietly emerged as one of the biggest tax relief tools for middle-income taxpayers under the new…
Many salaried employees see a sudden spike in TDS between January and March because employers recalculate taxes after verifying actual…
With Budget 2026 weeks away, speculation is growing over whether the government will scrap the old tax regime. As over…
From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025.…
Over 50 lakh income tax returns for AY 2025-26 are still unprocessed, delaying refunds for many taxpayers. Heightened scrutiny, data…
Income tax refund delays beyond December 31 are not uncommon, as there is no penal consequence for the department during…
Over 63 lakh income tax returns are still under processing in AY 2025–26, leaving many taxpayers waiting for refunds even…